Mandalaex (MDX)

Overview

Mandala is a revolutionary cryptocurrency exchange aiming to disrupt the current market.

Project stage

Only a whitepaper

Detailed description

Mandala is a revolutionary cryptocurrency and blockchain asset exchange focused on simplicity, security and sustainability. Mandala empowers users ofering more than a simple asset exchange, but a platform and avenue to seek advice and support throughout the trading process. This training approach is something not currently available in the blockchain asset exchange space. The vision is to make trading actions on the platform very simple to understand and execute.

By utilizing easy to understand risk management and profit taking strategies, the platform will cater to novice investors but still ofer features advanced enough for institutional investors as well. The Mandala platform will include integrated trade signaling for entries and exits, vital trading data and analytics, simple trading bot functionality and much more. Mandala’s powerful features and tools can help individuals while enhancing their experience across the platform, highlighting opportunities and creating new ones.

Problem

The current issues in the crypto and blockchain asset exchange space range from a lack of supportive trading tools and communication lapses for first-time investors, to costly downtime and security breaches. To date, it seems that quality of development and proper community updates simply do not exist. Some exchanges operate unethically or appear like online casinos. We feel this gives the trading of digital assets a bad reputation.

Most exchanges have the exact same, noise-filled, trade books and traditional trade verbiage. They are difficult to understand for newcomers and offer very little support on how to successfully leverage trading tools. The most important methods to successful trading are within these tools, but without an advisor or proper training they are worthless and even dangerous to use.

Access to adequate customer support at a traditional crypto exchange is rare, leaving users neglected or left find answers across social media and exposing them to potentially malicious strangers. This typically leads to increased frustration and false rumors about possible insolvency, security breaches, and general public “panic”. There are reports of users waiting long periods of time for any response after a lost transaction or lost investments with such nonexistent customer service teams.

Solution

One of the Mandala platform goals is to set higher standards and bring the industry out of this “Wild West” phase. The exchange industry has seen an explosion of growth despite this lack of support, with many exchanges having goals to simply profit of uneducated investors. This needs to change.

Strict profit and risk management strategies are a critical part of being a successful investor in digital assets and help prevent common mistakes such as ‘panic selling’. Mandala will have a detailed tutorial of all features on the platform during onboarding and utilize a digital advisor approach that will be seamlessly built into our user interface.

Mandala will put the community first and vows to be as transparent as possible. A best-in-world customer experience is at the forefront of the vision for the platform.

Exchanges can be vulnerable to technical issues due to an overwhelming number of trades at any given time with the total amount of transactions across all exchanges reaching billions daily. These vulnerabilities limit the amount of users that can move their funds. Cyber attacks on certain exchanges also show that there are associated financial hazards linked with the use of the crypto exchanges. Even with coins safe in a wallet, users would prefer to be able to execute a trade quickly or sell at a certain price, which requires a rapid transaction that some exchanges cannot guarantee. This is why a top notch and secure trading engine is essential to a reputable exchange. If the platform is a body, the trade engine is the heart.

Mandala’s trade engine will be cutting edge and updated regularly. It will be one of the most secure and scalable in the industry and be capable of 3M TPS, scalable to 10M TPS.

Features

A Powerful EngineUsers will have more control than ever before with a streamlined user-centric interface built on top of a trading engine capable of handling millions of transactions per second. Automatic on-site trading tools, analytics and AI-derived strategies will complement the experience delivered through Mandala’s cutting edge trading platform.

Lower FeesMandala offers a competitive fee structure through the exchange platform where users will be able to utilize MDX tokens to save significantly more during their trading and investment activities. You earned those profits.

Keep Moving ForwardBringing cryptocurrency and digital assets to the masses by overcoming the limitations of tomorrow. Our foresight and ability to adapt to an ever-changing landscape enables the Mandala team to continually refine our platform through unmatched trading capabilities, educational resources and enhanced user security.

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Token details

Token symbol
? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. :MDX

Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 18,000,000 USD

Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)

Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. :3,000,000 USD

Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token

Total supply ? Total supply — a total amount of tokens that will be released by the developers. :400,000,000 MDX

Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No

Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :260,000,000 MDX

Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open

Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No

Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA

Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BTC, ETH, LTC,

Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :Bangladesh, Bolivia, China, Ecuador, Iceland, Indonesia, Kyrgyzstan, Malaysia, Morocco, Nepal, North Korea, South Korea, USA,

Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes

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